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ANGLO AMERICAN: GLOBAL MINER BOOSTS OUTPUT, PRODUCTIVITY

Johannesburg, Oct 23

Strong performances by its copper and platinum-palladium operations helped global miner Anglo American lift total production (in copper-equivalent volumes) by 1% and productivity per employee by 5% in the Sept qtr (Q3FY2018).Chief exec Mark Cutifani credits the improvement to Anglo’s focus on efficiency and productivity across the business and relentless discipline on controllable costs.Production of copper rose to 172,000t (Q3FY2017: 147,000t), platinum to 649,000oz (621,000oz), palladium to 411,000oz (408,000oz) and nickel to 11,500t (11,200t).DeBeers diamond output fell to 8.7Mct (9.2Mct) and Kumba iron ore to 10.5Mt (11.5Mt).Met coal was 5.4Mt (5.5Mt) and thermal coal 7.7Mt (6.8Mt).